News headlines about Waste Management (NYSE:WM) have been trending somewhat positive on Saturday, Accern Sentiment reports. The research group rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Waste Management earned a media sentiment score of 0.10 on Accern’s scale. Accern also gave news articles about the business services provider an impact score of 45.7173242112922 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the media stories that may have impacted Accern’s rankings:
- The Public Pulse: No way to run waste pickup (omaha.com)
- Alternate Waste Management (globalnews.ca)
- Councillors Urged to Read Their Waste Management Plans (scoop.co.nz)
- India needs strong commitment to manage its waste: Experts (economictimes.indiatimes.com)
- Workshop on waste management held (timesofindia.indiatimes.com)
WM has been the topic of several research reports. Zacks Investment Research raised Waste Management from a “hold” rating to a “buy” rating and set a $92.00 target price on the stock in a research report on Saturday, February 10th. UBS initiated coverage on Waste Management in a research report on Wednesday, March 14th. They issued a “neutral” rating and a $93.00 target price on the stock. BMO Capital Markets dropped their target price on Waste Management from $97.00 to $90.00 and set an “outperform” rating on the stock in a research report on Friday, April 20th. Finally, Raymond James raised Waste Management from a “market perform” rating to an “outperform” rating and set a $95.00 target price on the stock in a research report on Friday, February 16th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $90.89.
Shares of WM traded up $0.03 during trading hours on Friday, hitting $82.96. 1,545,692 shares of the company were exchanged, compared to its average volume of 1,931,493. The company has a market cap of $35.77 billion, a PE ratio of 25.76, a price-to-earnings-growth ratio of 1.70 and a beta of 0.70. Waste Management has a 52 week low of $71.28 and a 52 week high of $89.73. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.71 and a current ratio of 0.74.
Waste Management (NYSE:WM) last released its quarterly earnings results on Friday, April 20th. The business services provider reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.09. The company had revenue of $3.51 billion during the quarter, compared to the consensus estimate of $3.57 billion. Waste Management had a return on equity of 26.73% and a net margin of 14.06%. The firm’s revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.66 EPS. research analysts predict that Waste Management will post 4.02 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 22nd. Stockholders of record on Friday, June 8th will be paid a dividend of $0.465 per share. The ex-dividend date is Thursday, June 7th. This represents a $1.86 annualized dividend and a dividend yield of 2.24%. Waste Management’s dividend payout ratio (DPR) is presently 57.76%.
In related news, SVP Barry H. Caldwell sold 10,844 shares of the stock in a transaction that occurred on Friday, May 4th. The stock was sold at an average price of $84.00, for a total transaction of $910,896.00. Following the completion of the sale, the senior vice president now owns 31,447 shares in the company, valued at approximately $2,641,548. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Nikolaj H. Sjoqvist sold 307 shares of the stock in a transaction that occurred on Monday, April 9th. The shares were sold at an average price of $84.76, for a total value of $26,021.32. Following the sale, the senior vice president now owns 18,756 shares of the company’s stock, valued at approximately $1,589,758.56. The disclosure for this sale can be found here. In the last quarter, insiders have sold 80,332 shares of company stock valued at $6,942,542. 0.30% of the stock is currently owned by corporate insiders.
Waste Management Company Profile
Waste Management, Inc, through its subsidiaries, provides waste management environmental services to residential, commercial, industrial, and municipal customers in North America. It provides collection services, including picking up and transporting waste and recyclable materials from where it was generated to a transfer station, material recovery facility (MRF), or disposal site; and owns, develops, and operates landfill gas-to-energy facilities in the United States, as well as owns and operates transfer stations.
Receive News & Ratings for Waste Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Waste Management and related companies with MarketBeat.com's FREE daily email newsletter.